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Investors & landlords
No. A safe harbor de minimis election can be made allowing for expensing individual receipts less than $2,500.
To do this in TurboTax, when reporting your rental expenses, answer the prompts Yes that you had purchases individually for less than $2,500.
See this article for more information: De Minimis Safe Harbor Election
ā€ˇFebruary 21, 2021
9:47 AM